1925 Branco PROOFS inc 3c-8c w/o value, 4E50 w/o value & centre, 4E50 as issued, & 10E as issued - these all imperf blks of 4 plus 1E60, 2E, 2E40, 3E & 3E20 perf blks of 4 as issued. All with security punch holes ex Waterlow archives. F-VF fresh MNH. SG ex 632-60 cat £1550 for issued stamps. (13 blks). (P) (Image1)